Cancun Real Estate is about to start seeing some new opportunities as the city works to convert itself into an international business destination. As a part of this effort a new exhibition center is being built in Cancun, which will be the largest in Latin America. Along with other aspects of the plan for Cancun's new direction the conventions and exhibitions which take place at the new center will begin to draw more attention to Cancun Real Estate from buyers involved in international business activities.
With an area of 60 thousand square meters, the new exhibition center will move Cancun towards becoming the most important business destination for Mexico. The first stage of the project, called "Cancun Messe," is expected be ready in March 2010 and will compete directly for the exhibitions and events held in Mexico City.
The main advantage Cancun holds is that the hotel infrastructure is sufficient to house the thousands of buyers who hesitate to attend business activities in Mexico City because of the difficulty in finding hotel rooms. Mexico City offers 60 thousand rooms, of which 55 thousand are always busy. In the case of Cancun, there are 75 thousand rooms, which in September are free to house a large group of businessmen. So far $30 million dollars have been invested and the estimated total development cost is 90 million dollars. Funding has come from both private sources and Mexican and American businesses.
The events which the new exhibition and convention center draws to Cancun will not only bring a greater number of clients to the hotel industry during the low season, but will work together Cancun's future status as an international air hub to give Cancun an status as an international business center. This status will add to the area's strong tourism industry to bring even more attention to Cancun Real Estate. While the real estate industry in the area is already thriving, the new attention could bring more demand to the market, and more opportunities for development, rentals and other investments. It is also an indicator of strength in Cancun's real estate industry, and can give buyers confidence that they will continue to see healthy appreciation in on their real estate purchases.
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Region: Cancun Real Estate by Cyndi Ader, originally from the US, has been living in Cancun, Mexico for 17 years. She is a member of A.M.P.I. (The Mexican Association of Real Estate Professionals) and is currently a member of the International Relations Committee. She is also an international affiliate of NAR (National Association of Realtors). She is the owner/broker of Cancun Properties Real Estate and specializes as a buyer’s broker.
